Dear Sir
One of our employee has taken housing loan for the home at Pune. He is working in our Company at Mumbai and his dependents are staying at Pune.

He has submitted Housing loan certificate to claim the principle and interest deduction in his TDS also he has produced rent receipts since he is staying on rent at Mumbai ?

Shall we consider both his housing loan deduction as well as his rent receipts for deduction in his tax liability ?

Please advice.
Regards
Arun

Pls adv, if we make telephone payments for a lumpsum amount for subsequent months in advance, which entries should be passed. Pls explain the ledger name to be debited under which main tally head. Also, how will the entries be written off in the subsequent months. Pls explain dr and cr with example.

Thnx and regards
Gurvinder Singh

Hi i want to know about late filling charges of ITR-1 for F.y. 2012-2013. If i file Return now.

Can a Non Resident Individual submit form 15G.

His Income liable to tax is below exemption limit.

Kindly suggest.

Thanking you.

(1) When Invoice is raised in USD, the entry will be:

USD @ 60
USD INR
Dr. Debtor 1,000 60,000
Cr. Sales 1,000 60,000

(2) On receipt of the amount, the entry will be: USD @ 62

USD INR
Dr. Bank 1,000 62,000
Cr. Debtors 1,000 60,000
Cr. Forex Gain (Realised) - 2,000


Is it correct to recognize the Gain as realised Gain?

if house property is let out for more than 300 days then it is not considered assets for wealth tax purpose. then why we calculate the value of house property which is let out under the wealth tax act. please advise!

i hv received intimation u/s 200a demanding intrest on late payment & late filing fee now i hv paid as per demanding notice by challan 281. my question is, what should i do now? do i reqire to deposit challan to IT Department? Thanks.

1. I was appoint a Auditor in First Board Meeting of the New Company for the fy 2013-14 , can required form 23B submit to MCA. if yes which form as per New Companies Act & Rules 2013. 2. And also appoint Auditor in another company in AGM can required to submit the Form 23B.

Hello,
I Sold A Property recently which was purchased by me from a builder firstly through agreement to purchase and then through purchase deed. now when i calculate capital gain on my sale, if i consider purchase date as per agreement of purchase deed, long term capital gain is applicable and if date is considered as per purchase deed short term capital gain is applicable, which purchase date i should consider and and which legal act is applicable for the same?

On what value the TDS is deducted (Basic /Gross) ???
other than Renting.